Michigan Tech endowments are gift funds set aside to provide a perpetual flow of income. The funds are invested for long-term stability and growth. With the goal of guarding against inflation, only a portion of the income is used to support the purpose of the endowment.
You can designate the endowment for scholarships, fellowships, a faculty position, a specific program, or the unrestricted use of Michigan Tech to help meet its greatest needs. The endowment can be established in your name, the name of a loved one, or a family name. Or, it can be named after a person of wide influence at the University, such as a well-loved professor, to encourage support from other Michigan Tech alumni.
A named endowment can be created with a minimum of $25,000 through outright gifts, deferred gifts, life income gifts, or a combination of such gifts.
Benefits of Endowment Gifts
- Continue a favorite program in your name long into the future, or create a lasting tribute to a loved one.
- Provide financial stability for Michigan Tech.
- Receive tax benefits based on the types of gifts used to fund the endowment.